Amer Sports announced that Franco Fogliato, President and CEO of Salomon, is leaving the company for personal reasons, effective immediately. He will be succeeded on an interim basis by James Zheng, CEO of Amer Sports, who will lead Salomon and the Outdoor Performance segment to ensure the continuity of the company until a successor is found.
Fogliato joined Amer Sports in March 2022 after serving as EVP of Global Omnichannel at Columbia Sportswear since November 2020 and EVP and GM Americas since 2017 for the same group, which he joined in 2013.
Amer Sports raised $1.4 billion in its IPO on the NYSE earlier this year. In its first quarterly report published in early March, the group delivered Q4 revenues some $20 million above expectations, but the quarterly loss was wider than expected. However, sales of the Outdoor Performance segment increased by 2 percent.
The group said Fogliato leaves the company in a healthy position, poised for further growth.
